Forecast by Marius Ghisea – EUR/USD (October 31- November 4)

The stochastic oscillator and the MACD indicate an uptrend for EUR/USD currency pair. According to the daily chart, if the price hits EMA 50 (1.1084), the next target may be FIBO 0.61 (1.1248). The second target for the price may be 1.1530, in order to form a triangle in the medium long term.

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The MACD confirms an uptrend for this pair, according to the 8 hour chart. The EUR/USD pair is at a short term bottom. If this pair hits EMA 200 (1.1108) next target may be 1.1236 where is FIBO 0.50. Another target may be FIBO 0.61 (1.1327).

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